PROSPECTUS SUPPLEMENT Registration No. 333-16591
Filed Pursuant to Rule
424(b)(3) and Rule 424(c)
LOGIC DEVICES INCORPORATED
Supplement To Prospectus dated January 8, 1997
Shares of Common Stock
SELLING SHAREHOLDERS
On May 17, 1999, Howard Farkas sold 100,000 shares in an
open market transaction at a price of $3.25 per share. On May
18, 1999, Albert Morrison, Jr. sold 20,000 shares in an open
market transaction at a price of $3.25 per share. Both sales
were made through T.R. Winston & Company Incorporated, which
acted as agent in the sale by Mr. Farkas and as principal in the
sale by Mr. Morrison. T.R. Winston & Company Incorporated
received no remuneration from either of the sellers. Following
these sales, no other shares owned by Mr. Farkas are covered by
this prospectus and 877 other shares owned by Mr. Morrison are
covered by this prospectus.
In addition, this prospectus covers the sales of 31,850
shares by First Bermuda Securities Limited, 1,250 shares by Aries
Peak, Inc. and 1,250 shares by Pacific Miners Ltd. The shares to
be sold by First Bermuda Securities Limited were obtainable
through the exercise of a warrant to purchase shares of common
stock which expired August 21, 1998. The shares to be sold by
Aries Peak, Inc. and Pacific Miners Ltd. were obtainable through
the exercise of warrants to purchase shares of common stock which
expired September 19, 1998. Since these warrants expired without
exercise, none of the foregoing 34,350 shares will be sold under
this prospectus.
The date of this Prospectus Supplement is June 8, 1999.
